News Corp said its repurchase program allows it to acquire up to US$1 billion in the aggregate of its Class A and Class B common stock.

8-KOther EventsFiled Jul 26, 2024Period of report Jul 25, 2024Summary published (UTC) Oct 25, 2026

Key points

AI summary

News Corp said its repurchase program allows it to acquire up to US$1 billion in the aggregate of its Class A and Class B common stock.
The company said it repurchased 14,506 shares of Class A common stock for a total of US$397,777.73 on July 25, 2024, the previous business day, and told the ASX that the lowest price paid that day was US$27.27 and the highest was US$27.63.
News Corp said it had repurchased 18,934,258 shares for a total of US$366,627,371.82 before July 25. It said that to date it has bought about US$550,404,189.53 worth of Class A and Class B shares, based on total consideration paid.
The company said it intends to repurchase Class A and Class B common stock from time to time in the open market or otherwise, subject to market conditions and its stock price. BofA Securities, Inc. is the broker, and the purpose is to enhance shareholder value.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

US$1 billion Stock Repurchase Program

News Corp said its repurchase program allows it to acquire up to US$1 billion in the aggregate of its Class A and Class B common stock.

Source · Based on the filing body and exhibits

Class A Repurchase Details for 2024-07-25

The company said it repurchased 14,506 shares of Class A common stock for a total of US$397,777.73 on July 25, 2024, the previous business day, and told the ASX that the lowest price paid that day was US$27.27 and the highest was US$27.63.

Source · Based on the filing body and exhibits

Cumulative Repurchases and Total Spent Before July 25

News Corp said it had repurchased 18,934,258 shares for a total of US$366,627,371.82 before July 25. It said that to date it has bought about US$550,404,189.53 worth of Class A and Class B shares, based on total consideration paid.

Source · Based on the filing body and exhibits

Repurchase Method and Purpose

The company said it intends to repurchase Class A and Class B common stock from time to time in the open market or otherwise, subject to market conditions and its stock price. BofA Securities, Inc. is the broker, and the purpose is to enhance shareholder value.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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